Where to start investing?

[Robert Baez]

In the event that you guys have an estimate of about $50K liquid. How are you starting out? Do you look at fix and flips if you’ve never done them or buy and hold which you also haven’t done?

[Kaja Baum]

Hello and welcome @Robert Baez!

 What @Jesse L. Weaver said is right on the money. It depends on your goals and risk appetite. I'd add house hacking to the potential list since if it's your first purchase then it makes a lot of sense to not be renting if you're paying anything close to market rate rent. Plus, if you already own a primary, congratulations on your first investment property! You can buy a second one now. 

Just keep in mind that if you're doing a fix and flip or Brrrr, be sure to calculate a generous overage with your holding and rehab costs. Especially your first time around. Things go wrong and I too often see people saying (especially with hard money rehab loans) that they have X amount of money to cover down payment and that's what they're spending. 

Don't feel like your first answer is the forever one either. You might try a class C high cashflow neighborhood and realize you hate it and move to something else for the second property. It doesn't need to be a perfect decision. You just need to make the decision and not screw up so bad that it takes years to recover. Good luck!